|
Speaker |
Firm |
May 26, 2010 Message |
Results |
|
Jonathon Jacobson |
Highfields Capital Management |
Buy Sallie Mae (SLM). |
SLM: +53.91%
|
|
Daniel Arbess |
Perella Weinberg Partners |
Shake hands with China; buy what rising EM consumers need. Bearish on the Euro and European sovereign debt. Like gold and other precious metals; especially junior mining companies like Ivanhoe Mines (IVN). Other longs: Solutia (SOA), Celanese (CE), Yum! Brands (YUM). Shorts: Yen against Canadian Dollar. |
Gold prices: +25.32%
IVN: +87.47%
SOA: +62.5%
CE: +80.57%
YUM: +40.02%
Yen vs. Canadian Dollar: Flat |
|
David Tepper |
Appaloosa Management |
Future not so bleak; people will adapt. Long: AIG (“8.175 Junior Subordinated Debt”); CMBS Market (“lots of gems out there”); financials, especially Bank of America (BAC) and Santander (STD). |
BAC: -25.58%
STD: +5.38%
|
|
Steve Eisman |
FrontPoint Financial Services |
For-profit education is just like the sub-prime bubble. Short: Apollo (APOL), ITT Educational Services (ESI), Washington Post (WPO), Corinthian Colleges (COCO), Education Management Corp (EDMC) [Full presentation here] |
APOL: -25.59%
ESI: -35.27%
WPO: -13.09%
COCO: -72.47%
EDMC: -2.63% |
|
Jeremy Grantham |
GMO |
Likes timber investment management organizations (TIMOs), emerging markets, U.S. high quality blue-chip stocks. Short: U.K. and Australian housing (“A true bubble”). |
S&P 500 (SPY): +22.5%
Vanguard MSCI Emerging Markets ETF (VWO): +27.36%
|
|
David Einhorn |
Greenlight Capital |
Long: gold, especially African Barrick Gold (London: ABG). The new bubble is sovereign debt. Short: Moody’s (MCO), McGraw-Hill Companies (MHP). |
ABG: -17.13%
MCO: +78.39%
MHP: +48.83%
|
|
James Dinan |
York Capital Management |
Likes large company stocks. Long: Coca-Cola Enterprises (CCE). Also like ING Group (ING) and post-bankruptcy equities like LyondellBasell, (LALLF) and liquidation plays like Kaupthing Bank (OMX: KAUP). Short: Euro-zone currencies. |
CCE: +15.49%
ING: +47.55%
LALLF: +47.11%
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|
Larry Robbins |
Glenview Capital Management |
Too much macro uncertainty; pick selective stocks that will perform regardless. Long: McKesson (MCK), Express Scripts (ESRX), Life Technologies Corporation (LIFE), Fidelity National Information Services (FIS). |
MCK: +22.54%
ESRX: +18.18%
LIFE: +8.09%
FIS: +19.3%
|
|
Bill Ackman |
Pershing Square Capital Management |
Buy General Growth Properties (GGP) and Citigroup (C). |
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